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Tiffany, Lions Gate, Adobe Are Market Movers

NEW YORK (AP) â¿¿ Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:


Tiffany & Co., up $4.59 at $73.27

The upscale jeweler said that its fourth-quarter profit fell, but it expects higher profits and revenue this year.

Alpha Natural Resources Inc., down 71 cents at $16.61

The Bristol, Va.-based coal producer said that Michael J. Quillen, the chairman of its board of directors, is stepping down.

BHP Billiton Ltd., down $2.50 at $73.01

The mining company said that Chinese demand for iron ore, used for making steel, is falling after rising between 2000 and 2012.

Lions Gate Entertainment Corp., up $1.03 at $15.28

The movie studio's shares rose to a new 52-week high. "The Hunger Games," opening Friday, could be a huge hit for the company.

Williams Companies Inc., up 88 cents at $31.30

The natural gas distributor said it will buy a natural gas-gathering subsidiary of Caiman Energy for about $2.5 billion.

Caterpillar Inc., down $2.97 at $110.76

The heavy equipment maker said that the pace of its retail machine sales slowed in recent months after a jump in sales last year.


Adobe Systems Inc., down $1.35 at $33.16

The maker of design software said that its fiscal first-quarter net income fell 21 percent due to its higher operating costs.

Mission West Properties Inc., down 23 cents at $9.77

A Stifel Nicolaus analyst downgraded the real estate investment trust to "Hold" from "Buy" after its shares hit his target price.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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